RE: RE: RE: GOLD A few comments from trader Dan Norcini:
"Today we are seeing a strong move higher in silver and in gold, but particularly the silver market, which is up over 4%. Once silver took out $35.50 in a strong push, they ran a huge number of stops to the upside. There were a lot of shorts covering, there was literally a panic among the silver shorts.
If we close above $1,780 in the gold market, it appears gold will quickly move through the $1,800 level. Once gold clears $1,800 in a strong fashion, we will have seen a major breakout in gold. Gold is poised for a test of major resistance at the $1,800 mark. Again, if gold does what silver just did at $35.50, then you have your major breakout. The last area of resistance after $1,800 on gold is the $1,850 level and then gold should move to test the all-time highs.”
URL:
https://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/28_Norcini_-_Silver_Shorts_Literally_Panic%2C_Gold_Shorts_Now_Worried.html